Real estate consultant Knight Frank and realtors' industry body NAREDCO on Monday released the Real Estate Sentiment Index Q1 2024 (January-March) report, which is based on a survey from supply-side stakeholders, showing an unprecedented surge in market confidence among the supply side of real estate.
Real estate sector in India is in a booming stage. As per The Knight Frank-NAREDCO Real Estate Sentiment Index Q1 2024 (January-March) report, the Current Sentiment Index Score jumped to 72, compared to last quarter's 69, setting a decadal .
Real estate stakeholders in Mumbai express optimism due to a resilient Indian economy and sustained domestic demand. Residential and commercial office sector deals have seen positive growth, indicating a favorable outlook for the real estate industry.